More Pa. Kmart, Sears Locations On Latest List Of Closures

Sears Holdings (SHLD), the bankrupt parent company of the two retailers, said Thursday that 11 Kmart locations and 29 Sears stores will close their doors in February 2019 — adding to the nearly 200 locations the company has already said will shut down in coming months.

Liquidation sales at the 40 locations “are expected to begin late next week,” the company said.

Sears Holdings operated about 1,000 stores as recently as February but has been shuttering underperforming stores. When the company filed for bankruptcy last month, it said it only had about 400 stores that could turn a profit. Now, it’s in the process of shedding more dead weight.